Bank of New York Mellon Salaries

243 total salary submissions
Avg. Hours Worked (70%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

46.2
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (80%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

2.8
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Bank of New York Mellon Salary

3.3
Total Median Pay
$66,000
Median Base Pay
$56,000
Median Bonus Pay
$10,000

How much does Bank of New York Mellon pay?

Base range:
$33,000 - $125,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$2,000 - $65,000

Bank of New York Mellon pays an average salary of $56,000 per year. This base compensation is the equivalent of $28 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Bank of New York Mellon based on our data is actually 46 hours, which would bring down the true effective hourly rate to $25 on average. If you include the average bonus of $10,000, then the total average pay at Bank of New York Mellon would be $66,000 per year or $30 per hour at the 46 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Bank of New York Mellon pays the highest-paid employees over $120,000 a year, while the lowest-paid employees are paid less than $47,000. Bank of New York Mellon employees in different groups or divisions tend to have different salaries as well.For example, employees in the Global Markets sector earn an average yearly salary of $117,500.While employees in the Fixed Income sector earn an average yearly salary of $46,000. Additionally, geographic location can impact the compensation for employees at Bank of New York Mellon as well. Based on the WSO data, Bank of New York Mellon employees in New York and Boston get paid the most.

Bank of New York Mellon Salaries

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Highest Paying Jobs at Bank of New York Mellon

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Senior Vice President
Year 2006
Job Title Senior Vice President
Group/Division Other
Location Pittsburgh
Pay Rate/Type
Bonus
Managing Director
Year 2015
Job Title Managing Director
Group/Division Corporate Finance
Location London
Pay Rate/Type
Bonus
Vice President
Year 2021
Job Title Vice President
Group/Division Private Wealth Management
Location Boston
Pay Rate/Type
Bonus
Managing Director
Year 2017
Job Title Managing Director
Group/Division Tax
Location New York
Pay Rate/Type
Bonus
Quant
Year 2007
Job Title Quant
Group/Division N/A
Location San Francisco
Pay Rate/Type
Bonus
Assistant Vice President
Year 2023
Job Title Assistant Vice President
Group/Division Quantitative Research
Location New York
Pay Rate/Type
Bonus
Assistant Vice President
Year 2023
Job Title Assistant Vice President
Group/Division Quantitative Research
Location New York
Pay Rate/Type
Bonus
Vice President
Year 2015
Job Title Vice President
Group/Division Capital Markets
Location New York
Pay Rate/Type
Bonus
Vice President
Year 2024
Job Title Vice President
Group/Division Real Estate
Location New York
Pay Rate/Type
Bonus
1st Year Associate
Year 2018
Job Title 1st Year Associate
Group/Division Quantitative Research
Location San Francisco
Pay Rate/Type
Bonus

Average Pay by City for Bank of New York Mellon

Below we use 243 salary submissions to order the is the total average compensation by city for Bank of New York Mellon. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is New York, where employees earn an average salary of $79,000.

Salaries by Location at Bank of New York Mellon

Rank
City
Total pay Range
Range of $/hr
New York
Rank 1
City New York
Total pay Range $57,000 - $110,000
Range of $/hr $29/hr - $55/hr
Boston
Rank 2
City Boston
Total pay Range $54,000 - $98,000
Range of $/hr $27/hr - $49/hr
Pittsburgh
Rank 3
City Pittsburgh
Total pay Range $34,500 - $64,000
Range of $/hr $17/hr - $32/hr

Bank of New York Mellon Salaries by Department

Salaries at Bank of New York Mellon depend on the group, division, department or function. Employees who work in the Global Markets group tend to get paid the most at at Bank of New York Mellon, earning an average yearly salary of $117,500. Employees in the Real Estate receive relatively high salaries as well, where wages average $110,000 per year. A division that does not pay as well at Bank of New York Mellon includes the Fixed Income group, with employees earning $46,000 on average.

Rank
Department
Average Pay
Average Hourly Pay
Global Markets
Rank 1
Department Global Markets
Average Pay $117,500
Average Hourly Pay $59/hr
Real Estate
Rank 2
Department Real Estate
Average Pay $110,000
Average Hourly Pay $55/hr
Na
Rank 3
Department Na
Average Pay $105,000
Average Hourly Pay $53/hr
Risk Management
Rank 4
Department Risk Management
Average Pay $100,000
Average Hourly Pay $50/hr
Other
Rank 5
Department Other
Average Pay $84,000
Average Hourly Pay $42/hr
Generalist
Rank 6
Department Generalist
Average Pay $77,500
Average Hourly Pay $39/hr
Private Wealth Management
Rank 7
Department Private Wealth Management
Average Pay $71,500
Average Hourly Pay $36/hr
Financial Services
Rank 8
Department Financial Services
Average Pay $70,000
Average Hourly Pay $35/hr
Account Management
Rank 9
Department Account Management
Average Pay $70,000
Average Hourly Pay $35/hr
Private Banking
Rank 10
Department Private Banking
Average Pay $69,000
Average Hourly Pay $35/hr

Recently Added Bank of New York Mellon Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Vice President
Year 2024
Job Title Vice President
Group/Division Real Estate
Location New York
Pay Rate/Type
Bonus
Assistant Vice President
Year 2023
Job Title Assistant Vice President
Group/Division Quantitative Research
Location New York
Pay Rate/Type
Bonus
Assistant Vice President
Year 2023
Job Title Assistant Vice President
Group/Division Quantitative Research
Location New York
Pay Rate/Type
Bonus
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Generalist
Location New York
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Research
Location Boston
Pay Rate/Type
Bonus